Banking License news and trends

Revolut Drops US Bank Buyout Plan, Eyes Standalone OCC Charter
Banking // January 23, 2026

Revolut is shifting its U.S. playbook again. The U.K.-headquartered FinTech has dropped plans to buy an American bank and is now preparing to pursue a standalone U.S. banking license, a move that would give it a clearer path to scale lending and other core bank...

Mercado Pago to Apply for Banking License in Argentina Amid Regional Expansion
News // May 28, 2025

Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Revolut Delivers First $1 Billion Profit as Subscription, Wealth Units Boom
Banking // April 24, 2025

Revolut booked its first billion-dollar annual profit in 2024, underscoring how the London-based super-app’s widening menu of wealth, credit and subscription services is translating customer growth into bottom-line results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Mercado Pago Applies for Banking License in Mexico
Banking // September 25, 2024

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Quick Reads
Revolut Secures Sixth Global Bank License in Colombia

September 15, 2026
Revolut continued its global expansion by securing a bank license in Colombia, the company said in a Tuesday (Sept. 15) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By […]

Revolut Drops US Bank Buyout Plan, Eyes Standalone OCC Charter

January 23, 2026
Revolut is shifting its U.S. playbook again. The U.K.-headquartered FinTech has dropped plans to buy an American bank and is now preparing to pursue a standalone U.S. banking license, a...

Mercado Pago to Apply for Banking License in Argentina Amid Regional Expansion

May 28, 2025
Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country. Get the...

Revolut Delivers First $1 Billion Profit as Subscription, Wealth Units Boom

April 24, 2025
Revolut booked its first billion-dollar annual profit in 2024, underscoring how the London-based super-app’s widening menu of wealth, credit and subscription services is translating customer growth into bottom-line results. Get...